Nutritional Lipids Market size to exceed $15bn by 2024
Published Date: February 16, 2018 Authors: Kunal Ahuja, Amit Rawat
Nutritional Lipids Market size is estimated to exceed USD 15 billion by 2024, according to a new research report by Global Market Insights Inc.
Nutritional deficiencies causing several health concerns including cardiovascular diseases, diabetes, inflammation, stroke and cancer has enhanced the nutritional lipids demand. Growing geriatric population globally has further influenced the necessity for nutritious supplements.
Shifting consumer preference towards healthy lifestyles along with rising awareness regarding benefits of dietary supplements will drive the product penetration. Key health benefits including enhanced eye health, effective curing of depression & anxiety along with reduced chances of heart diseases are among key factors fueling nutritional lipids market growth.
Potential application outlook in pharmaceuticals and dietary supplements due to technological advancement in food encapsulation will support the market penetration. Increasing lipid nutrition usage in processed food applications to enhance the nutrient content through fortification process will propel the industry outlook.
Regulatory compliances, including FAO and WHO approval for lipid nutrition as efficient energy source, driver for oil-soluble vitamins and membrane function enhancer will support industry demand. High R&D investments to improve product effectiveness and nutrient content in food fortification and dietary supplements industry will support product demand.
Increasing raw material costs including plant and marine oil are major factors influencing the nutritional lipids industry price trend. Lack of standardization pertaining to consumption quantity along with stringent regulations on fish oil production may hinder the industry growth.
Browse key industry insights spread across 350 pages with 317 market data tables & 12 charts & figures from the report, “Nutritional Lipids Market Statistics By Product (Omega-3, Omega-6, MCTs), Application (Dietary Supplements, Infant formula, Pharmaceuticals, Food Fortification, Animal Nutrition), Form (Liquid, Powder), Source (Plant, Animal) Industry Analysis Report, Regional Outlook, Growth Potential, Price Trend, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:
Omega-6 segment of the nutritional lipids market is projected to register over 9% CAGR up to 2024. Maintaining bone health & reproductive system, regulating metabolism and enhancing hair & skin growth are key functions driving the product demand. High application scope in curing and preventing diabetic neuropathies, rheumatoid arthritis, hypertension and allergies will propel industry landscape.
Dietary supplements contributed for over 55% of the nutritional lipids market share in 2016. Increasing consumer spending on nutritious supplements due to rising health consciousness and changing lifestyles will drive the industry demand.
Liquid form segment accounted for more than 60% of the industry share in 2016. Faster absorption rate along with ease in consumption properties are among major factors driving industry statistics. Moreover, liquid dosage doesn’t contain additives, fillers and unnecessary ingredients which makes the product more authentic.
Animal source lipid nutrition demand registered more than 100 kilotons consumption in 2016. Strong outlook for omega-3 derived from marine oil in human as well as animal nutrition will support the business outlook. However, decreasing fish oil production due to stringent regulations on environment & sustainability will enhance demand for plant sourced products.
Europe nutritional lipids market is anticipated to register over 9% CAGR up to 2024. Growing geriatric population causing necessity for dietary supplements are key factors driving the industry statistics. Government promotions and regulatory support for natural dietary ingredients will positively influence the product demand.
Nutritional lipids market share is highly fragmented with key players including Archer Daniels Midland Company, BASF, Croda International, DSM N.V. and Polaris. Rising number of regional manufacturers has enhanced competition among industry participants. Companies are involved in several strategies including joint ventures, acquisitions, collaborations and supply agreements to gain competitive advantage.